Zillow Group, Inc. (NASDAQ:Z) Shares Acquired by Prudential Financial Inc.

Prudential Financial Inc. lifted its position in Zillow Group, Inc. (NASDAQ:Z) by 2.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 164,957 shares of the financial services provider’s stock after purchasing an additional 3,237 shares during the quarter. Prudential Financial Inc. owned approximately 0.07% of Zillow Group worth $12,215,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Assetmark Inc. raised its holdings in shares of Zillow Group by 7,410.0% in the fourth quarter. Assetmark Inc. now owns 751 shares of the financial services provider’s stock valued at $56,000 after buying an additional 741 shares during the last quarter. Blue Trust Inc. raised its stake in Zillow Group by 17.5% during the 4th quarter. Blue Trust Inc. now owns 922 shares of the financial services provider’s stock valued at $68,000 after acquiring an additional 137 shares during the last quarter. Smartleaf Asset Management LLC lifted its position in Zillow Group by 53.3% during the 4th quarter. Smartleaf Asset Management LLC now owns 1,055 shares of the financial services provider’s stock worth $79,000 after acquiring an additional 367 shares during the period. Brooklyn Investment Group purchased a new position in shares of Zillow Group in the 3rd quarter valued at approximately $74,000. Finally, Mirae Asset Global Investments Co. Ltd. increased its holdings in shares of Zillow Group by 86.3% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 1,250 shares of the financial services provider’s stock valued at $94,000 after purchasing an additional 579 shares during the period. Hedge funds and other institutional investors own 71.01% of the company’s stock.

Insiders Place Their Bets

In related news, CFO Jeremy Hofmann sold 1,612 shares of the stock in a transaction dated Tuesday, January 28th. The shares were sold at an average price of $84.98, for a total value of $136,987.76. Following the sale, the chief financial officer now owns 99,362 shares of the company’s stock, valued at $8,443,782.76. This trade represents a 1.60 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CAO Jennifer Rock sold 5,796 shares of the stock in a transaction that occurred on Wednesday, February 12th. The stock was sold at an average price of $75.50, for a total value of $437,598.00. Following the completion of the transaction, the chief accounting officer now directly owns 51,370 shares of the company’s stock, valued at $3,878,435. This trade represents a 10.14 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 98,919 shares of company stock worth $7,869,478 in the last quarter. 23.76% of the stock is owned by corporate insiders.

Zillow Group Stock Down 2.3 %

Zillow Group stock opened at $68.74 on Friday. The firm has a fifty day moving average of $77.28 and a 200-day moving average of $72.96. Zillow Group, Inc. has a 52-week low of $38.45 and a 52-week high of $89.39. The firm has a market capitalization of $16.67 billion, a P/E ratio of -146.26, a PEG ratio of 9.24 and a beta of 2.27.

Zillow Group (NASDAQ:Z) last issued its earnings results on Tuesday, February 11th. The financial services provider reported ($0.22) earnings per share for the quarter, missing the consensus estimate of $0.26 by ($0.48). Zillow Group had a negative return on equity of 2.12% and a negative net margin of 5.01%. On average, research analysts expect that Zillow Group, Inc. will post 0.32 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of brokerages recently commented on Z. Keefe, Bruyette & Woods initiated coverage on shares of Zillow Group in a research report on Friday. They issued a “market perform” rating and a $80.00 price objective for the company. Wedbush reaffirmed an “outperform” rating and set a $100.00 price target on shares of Zillow Group in a research note on Wednesday, February 12th. Baird R W raised shares of Zillow Group to a “hold” rating in a report on Friday, January 31st. Deutsche Bank Aktiengesellschaft lifted their price target on shares of Zillow Group from $90.00 to $95.00 and gave the company a “buy” rating in a research report on Tuesday, February 11th. Finally, KeyCorp upgraded shares of Zillow Group from a “hold” rating to a “strong-buy” rating in a research report on Sunday, February 2nd. Six analysts have rated the stock with a hold rating, four have issued a buy rating and three have given a strong buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $81.71.

Zillow Group Company Profile

Zillow Group, Inc operates real estate brands in mobile applications and Websites in the United States. The company offers premier agent and rentals marketplaces, new construction marketplaces, advertising, display advertising, and business technology solutions, as well as dotloop and floor plans. It also provides mortgage originations and the sale of mortgages, and advertising to mortgage lenders and other mortgage professionals; and title and escrow services.